Statizoid

Trade in services in Namibia

Namibia: Trade in services was 27.6% in 2024. ▼ Falling

Latest (2024)
27.6%
Change on year
up 1.9%
World rank
76th
of 199 countries
All-time high
27.6%
in 2024
All-time low
10.0%
in 2012
Years of data
35
1990–2024

Trade in services in Namibia, 1990–2024

01020301990200720241990: 17.4 % of GDP1991: 20.3 % of GDP1992: 19.8 % of GDP1993: 21.9 % of GDP1994: 19.8 % of GDP1995: 21.8 % of GDP1996: 23 % of GDP1997: 22 % of GDP1998: 20.2 % of GDP1999: 18.3 % of GDP2000: 12.6 % of GDP2001: 15.5 % of GDP2002: 14.9 % of GDP2003: 14 % of GDP2004: 13.5 % of GDP2005: 10.7 % of GDP2006: 11.9 % of GDP2007: 12.6 % of GDP2008: 13.3 % of GDP2009: 13 % of GDP2010: 12 % of GDP2011: 11.8 % of GDP2012: 10 % of GDP2013: 10.9 % of GDP2014: 15.1 % of GDP2015: 13.8 % of GDP2016: 11.4 % of GDP2017: 10.5 % of GDP2018: 10 % of GDP2019: 10.6 % of GDP2020: 13.5 % of GDP2021: 13.6 % of GDP2022: 16.5 % of GDP2023: 27 % of GDP2024: 27.6 % of GDP

Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.

Analysis

The most recent figure for trade in services in Namibia is 27.6%, measured in 2024. That is the highest value across all 35 years on record.

That represents a change of up 1.9% on the previous year and up 82.1% over ten years.

Over the whole period, trade in services in Namibia peaked at 27.6% in 2024 and was at its lowest, 10.0%, in 2012.

That places Namibia 76th out of 199 countries with data for 2024, putting it in the middle of the range.

The long-run direction has been consistently falling across the 35 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 20.5% 17.4% 23.0% 10
2000s 13.2% 10.7% 15.5% 10
2010s 11.6% 10.0% 15.1% 10
2020s 19.6% 13.5% 27.6% 5

Countries ranked near Namibia

  1. 73 Panama 28.9% compare
  2. 74 El Salvador 27.7% compare
  3. 75 Morocco 27.6% compare
  4. 77 Mongolia 27.4% compare
  5. 78 Jordan 27.2% compare
  6. 79 Kuwait 26.9% compare

See the full ranking of 246 places →

More economy & growth data for Namibia

All data for Namibia →

Frequently asked questions

What is trade in services in Namibia?
Trade in services in Namibia was 27.6% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
What is the highest trade in services recorded in Namibia?
The highest recorded value was 27.6% in 2024.
What is the lowest trade in services recorded in Namibia?
The lowest recorded value was 10.0% in 2012.
How does Namibia rank for trade in services?
Namibia ranks 76th out of 199 countries with data for 2024.
Is trade in services rising or falling in Namibia?
Over the last ten years it is up 82.1%. The long-run trend across the full record is falling.
Where does this Namibia data come from?
The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Trade in services (% of GDP). Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 35 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Trade in services (% of GDP)
Unit
% of GDP
Source
Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
246 places, 9,875 data points, 1960–2025
Last refreshed

Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.